Pinnacle Announces Sale of 4-Unit Multifamily
Posted on February 18, 2022
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a 4,100-square-foot, 4-unit multifamily for $1,700,000 ($425,000 per unit) located at 911 & 919 Elm Street in Denver, Colorado. The property features fully updated units, as the former owners converted the building from its use as an assisted living facility back into apartments. The property traded at a current 4.1% Cap Rate and $414.63 per square foot. Barton Thompson, Senior Advisor, acted as transaction broker for the seller, Elm Street Residence LLC, and the buyer, RPAC Capital Growth LLC, in the transaction.
For more information on this sale please contact Barton Thompson.